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Singapore seizes S$240m in assets linked to 1MDB funds

Published Thu, Jul 21, 2016 · 09:50 PM

Singapore

SOME S$240 million in assets have been seized by the Singapore authorities who are investigating the fund flows related to 1MDB, with about half these assets belonging to the now-infamous Malaysian tycoon Low Taek Jho and his immediate family.

Singapore's Attorney-General's Chambers, the Commercial Affairs Department and the Monetary Authority of Singapore (MAS) said in a joint statement that bank accounts belonging to some individuals have been seized and dealings in properties belonging to some of them, curtailed.

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Najib Razak

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International

International

Singapore seizes S$240m in assets linked to 1MDB funds

KEYWORDS IN THIS ARTICLE

International

Indian central bank issues draft guidelines for web aggregators of loan products

Vietnam National Assembly head resigns amid graft purge

China central bank flags bond investment risks to some financial institutions: sources

Xi tells Blinken US, China should be 'partners, not rivals'

Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan

Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29

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